Gratuity Benefits for CG Employees Covered by NPS The clarification statement aims to shed light on the benefit of retirement gratuity when it comes to mobility from one organization to another. Retirement gratuity is a significant financial incentive that provides employees with a sense of security and stability during their post-retirement life. When an individual … Read more
Gazette Notification on Gratuity: Amount, Effective Date and Maternity Leave “Gratuity Ceiling Amendment Notifications issued by Government of India regarding Upper limit of Gratuity Payment, Date on which come into force and Maximum Period of Maternity Leave… MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 29th March, 2018 S.O. 1419(E).—In exercise of the powers conferred … Read more
Retirement and Service Gratuity – Calculation, Ceiling, Qualifying Service and Rates What is Gratuity? Gratuity is a bulk amount paid by the employer to his/her employee for his/her service at the time of retirement under the Gratuity Act 1972. 7th Pay Commission Gratuity Death, Retirement, and Service Gratuity for CG Employees What is Gratuity in … Read more
Revision of Gratuity and Severance Amount to GDS Revision of GDS Gratuity and Severance Amount effective date changed to 1.7.2018 No.17-31/2016-GDS Government of India Ministry of Communications Department of Posts (GDS Section) Dak Bhawan, Sansad Marg, New Delhi – 110001 Dated: 01.07 .2019 Office Memorandum Subject : Implementation of recommendations of GDS Committee on Social … Read more
7th Pay Commission Committee recommendations on Gratuity Ceiling for Central Government Employees All Central Government employees should know about the eligibility criteria of Gratuity. There are commonly four types of Gratuity in Central Government Services. 1. Service Gratuity, 2. Retirement Gratuity, 3. Death Gratuity and 4. Residuary Gratuity. 7th Central Pay Commission recommended to enhance … Read more
Brief on Payment of Gratuity (Amendment) Act, 2018 ” Representatives are requesting to this Ministry that the effective date of Payment of Gratuity (Amendment) Act, 2018 will 01.01.2016 instead of 29.03.2018 at par with the Central Government employees’ 1. The Payment of Gratuity (Amendment) Bill, 2018 has been passed the 14th Sabba Sabha on 15.03.2018 and … Read more
Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018 Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018 Decision:The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on 22nd March, 2018, has been brought in force on 29th March, … Read more
Upper Ceiling on Gratuity 20 Lakhs – Gratuity Bill Passed by Parliament Ministry of Labour & Employment Payment of Gratuity (Amendment) Bill, 2018 passed by Parliament The Payment of Gratuity (Amendment) Bill, 2018 has been passed by parliament today.The bill ensures harmony amongst employees in the private sector and Public Sector Undertakings/Autonomous Organizations under Government who … Read more
Revision of Pension, Gratuity, Commutation of Pension for Defence Pensioners – DESW Orders on 4.9.2017 Implementation of the Government decision on the recommendations of the Seventh Central Pay Commission – Revision of provisions regulating Pension/ Gratuity/ Commutation of Pension/ Family Pension including pensionary awards notified in terms of Casualty pensionary awards in respect of Commissioned … Read more